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Cardium Oil Play Metrics

Published November 2017 in the Discovery Digest; Updated March 15, 2018

Michele Innes

Tuesday, February 6, 2018

How do the plays in Western Canada stack up against one another? Using the Sproule Play Metrics module in Canadian Discovery’s Catalyst Play Evaluation Platform, the Cardium oil plays are compared based on estimated ultimate recovery (EUR), cost, net present value (NPV), profitability index (PI) and payout. The results indicate that higher EURs do not always equate to higher profitability. Based on the average type curve and the typical economic scenario, Ferrier is the most expensive of the Cardium oil plays, but it has the greatest EUR and the most attractive economics in that it has the highest PI, highest NPV and the shortest payout period.

This presentation provides a geoscientific and well completions overview of 2017 activity, production results and trends. Stable commodity prices spurred an increase in drilling activity in 2017. Under a new “normal”, operators...

The profitability of Viking oil plays is compared using the Sproule Play Metrics module in Canadian Discovery’s Catalyst Play Evaluation Platform, which provides an integrated dataset for evaluating plays across the basin.

Resource plays have become the norm in the Western Canada Sedimentary Basin outside of the oil sands areas. Canadian Discovery continuously analyzes activity trends in the Basin spanning the stratigraphic column. This analysis...